AstapovLawyers held a seminar "The Prosecution of Debtors in the USA"

August 2011

AstapovLawyers International Law Group in conjunction with Hoshovsky Law Firm (New York, USA), the Ukrainian Đˇhapter of New York State Bar Association (NYSBA), and the Ukrainian Bar Association held a roundtable seminar "The Prosecution of Debtors in the USA" dedicated to the judicial systems of Ukraine and the USA. Speakers at the event were AstapovLawyersâ€™ Counsel Mr Oleh Beketov and Mr Sergey Hoshovsky, founder and partner of Hoshovsky Law Firm (New York, USA).

During his presentation, Mr Hoshovsky told in details about the features and advantages of litigation in the USA, and Mr Beketov added some useful facts and details about the Ukrainian judicial process.

During the event, the speakers discussed, among other things, the following issues:

The attachment of debtorsâ€™ assets in the USA in support of international arbitrations
The recognition and enforceament of Ukrainian money judgements in the USA
The collection of the assets of debtors, shareholders, affiliates and/or directors, based on the doctrine of alter ego (piercing corporate veil)

The round table brought together representatives of international banks and public sector, financial and legal advisers, and gave the audience an excellent opportunity to share professional experience and discuss the most problematic issues by comparison of the judicial processes and systems of Ukraine and the USA. The chosen topic appeared to be highly relevant as there were so many questions addressed to the speakers at the event.

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